Over the past few days, hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings filed by institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into GAMCO Asset Management Inc. (GBL) in which Mario Gabelli (Trades, Portfolio) is the founder, chairman, and CEO of the firm.
Recently, the fund reported its equity portfolio ended September. The total value of the portfolio amounted to $18,577 million, down from $18,996 million disclosed at the end of the previous quarter. Consequently, the fund's equity market change value was negative 419,546 million in the last quarter. The filing revealed that at the end of September, the fund added 48 new positions to its equity portfolio and sold out 40 positions. The top ten portfolio holdings as of the end of the quarter represented 13.92%. The largest changes from previous 13-F´s fillings are in the energy and consumer staples sectors. Continue Reading »